RegAlertRule · BB · 29 Sep 2015
Amendment to Foreign Currency Accounts for Shipping Lines, Airlines, and Freight Forwarders Handling FOB Cargo
Paragraph 03 of F.E. Circular Letter No. 03 is amended to prohibit outward remittances supported by encashment certificates against FOB exports. This prohibition takes effect from January 2016. The instruction applies to all Authorized Dealers of Foreign Exchange in Bangladesh.
Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
F.E. Circular Letter No. 23 Date: September 29, 2015 Head offices/principal offices of all Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Foreign currency accounts for shipping lines/airlines/ freight forwarders handling FOB export and import cargo Please refer to F.E. Circular Letter No.03, dated January 19, 2015.
02. In order to facilitate proper im plementation of the FE Circular Letter under reference, it has been
decided to amend paragraph 03 as under:
“Outward remittance supported by encashment certificates against FOB exports shall not be allowed with effect from January, 2016.” Please bring the above instructions to the notice of all your concerned constituents. Yours faithfully, (Jagannath Chandra Ghosh) Deputy General Manager Phone: 9530092
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- Amends
“ency accounts for shipping lines/airlines/ freight forwarders handling FOB export and import cargo Please refer to F.E. Circular Letter No.03, dated January 19, 2015. 02. In order to facilitate proper”
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